India's jobs crisis—when emerging technologies are reducing jobs while new ones are hard to come by due to low private investment—has once again been highlighted. The railways has received more than two crore applications for about one lakh vacancies, with five days still remaining for the online registration to end.
So many people chasing so few low - level government jobs points out that there is a dearth of jobs in the private sector and people fall back on government jobs due to uncertainty in the jobs market.
Despite the government's thrust on generating jobs through entrepreneurs by giving easy small loans, 200 people chasing one job shows that the jobs crisis in India is deep.
Source: ET
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